Context: 

• The 11th edition of the World Government Summit (WGS) is taking place from February 12 to 14, 2024, in Dubai, United Arab Emirates. 
• The Indian Prime Minister will participate in the World Government Summit 2024 as a guest of honour and deliver a special keynote address.

World Government Summit 2024: Dubai, UAE

• World Government Summit 2024 Theme: Shaping Future Governments.
• Aim: To anticipate future opportunities and challenges while addressing pressing global issues.
  • It brings together leaders, experts, and visionaries from around the world to anticipate future opportunities and address pressing global challenges.
  • It will involve governments, international organizations, thought leaders, and private sector leaders from around the globe to international cooperation and enable governments to identify innovative solutions for future challenges– further rippling to inspire and empower the next generation of governments. 

World Government Summit 2024: Six Main Themes

The summit will cover six main themes through 15 global forums and over 110 interactive dialogues and sessions.

• Awards: The World Government Summit Dubai will present awards such as the 
  • ‘Best Minister in the World’, ‘Best Sustainable Development Practices’, ‘Creative Government Innovations Award’.

About World Government Summit 

World Governments Summit is an annual conference with a pivotal role in fostering international cooperation, sharing knowledge, and highlighting innovative governmental models. Organized by the World Governments Summit Organization, a global, neutral, non-profit entity, the summit is dedicated to shaping the future of governments. 

Significance Of World Governments Summit

• Fostering Global Cooperation: The summit provides an exceptional platform for governments worldwide to collaborate, share perspectives, and address global developments.
• Solutions for Development and Humanitarian Concerns: It facilitates the formulation of effective solutions for critical development and humanitarian issues.
• Crafting Proactive Strategies: The summit serves as a global arena for developing strategies to tackle future challenges and exchanging experiences to enhance social stability.
• Fulfilling Aspirations of Future Generations: It aims to meet the expectations of future generations through proactive policymaking and governance.

Objectives of World Governments Summit

• Exploring Next-Generation Government Agendas: Focus on harnessing innovation and technology to address universal challenges facing humanity.
• Championing Future Governments: The summit has consistently aimed to shape future governments and create a better future for humanity.
• International Collaboration Model: Past editions have established a new model for international collaboration, inspiring and enabling the next generation of governments.

About the World Governments Summit Organization

• A Global Entity: The World Governments Summit Organization is a global, non-profit organization.
• Neutral and Dedicated: It maintains a neutral stance and is dedicated to shaping the future of governments worldwide.
• Focus on Innovation and Governance: The organization emphasizes the importance of innovation and effective governance in addressing contemporary global challenges.

India-UAE Relations: Political, Economic, Tarde, and Cultural Relations

• Strengthening Relationship: It is the Indian Prime Minister’s seventh visit to the UAE since 2015 and the third in the past eight months, reflecting the close ties between the leadership of the two countries.
• Trade Pacts: Two countries signed a Comprehensive Economic Partnership Agreement (CEPA) in February 2022 and a Local Currency Settlement (LCS) System in July 2023 to promote the use of the Indian rupee and UAE dirham for cross-border transactions.
• Bilateral Trade: The two countries are among each other’s top trading partners, with two-way trade of $85 billion during 2022-23. 
  • The UAE is among the top four investors in India in terms of foreign direct investments during 2022-23.
• People to People Contact: About 3.5 Indians live in the UAE, making up the largest expatriate group in the emirates. 
  • Their positive contributions to the development of their host country have been an important anchor of our excellent bilateral engagement with the UAE.

Also Read:

• Bilateral Investment Treaty Between India and United Arab Emirates
• Joint Military Exercise Desert Cyclone